This article connects the May earnings from Lumentum, Coherent, and Marvell into one AI optical interconnect thesis.

The key point is not just Marvell’s earnings beat. It is that the laser, transceiver, DSP, switch, and silicon photonics layers are all confirming the same demand cycle.

PhotonCap lays out one of the clearest supply chain maps on how NVIDIA is shaping the optical interconnect ecosystem.

If you are following AI networking, CPO, silicon photonics, or Marvell, this is a must read.